European stocks lower; banks, commods weigh

LONDON, April 20 (Reuters) - European shares fell in early trade on Monday, with banks declining ahead of results from Bank of America (BAC.N) and commodities slipping after crude and metal prices retreated.

By 0708 GMT, the pan-European FTSEurofirst 300 .FTEU3 index of top shares was down 0.4 percent at 811.10 points. The index rose 1.6 percent to 814.69 points on Friday, its highest close in more than two months. Over the week, the index rose 4.7 percent.

"There is a view that there is still not enough has been done to support the European economy. The euro is weaker," said Bernard McAlinden, strategist at NCB Stockbrokers.

"This week is a start of a heavy week of earnings, so this week it is likely to be all about the earnings," he said.

On the reporting front this week, investors will eye results from Bank of America (BAC.N), Wells Fargo (WFC.N) and Bank of New York Mellon (BK.N).

Banks weighed on the index. Credit suisse (CSGN.VX), Barclays (BARC.L), Banco Santander (SAN.MC), Deutsche Bank (DBKGn.DE) were down 1-2.4 percent.

Energy stocks were lower as crude CLc1 slipped 1.3 percent, weighed down by a rising U.S. dollar and growing caution about the pace of any global economic recovery.

BG Group (BG.L), Petroplus PPHN.VX, Cairn Energy (CNE.L) and Total (TOTF.PA) were down 0.8-2.2 percent.

Miners also slipped as copper lost 0.8 percent. (Reporting by Joanne Frearson)